Math, asked by dwivedibl1010, 9 months ago

Proof that P=MR
By line

Answers

Answered by Christophersamson

Answer:

Marginal revenue (MR) is the increase in total revenue resulting from a one-unit increase in output. Since the price is constant in the perfect competition. The increase in total revenue from producing 1 extra unit will equal to the price. Therefore, P= MR in perfect competition.

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